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RIBBON COMMUNICATIONS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ribbon Communications, Inc. - RBBN

November 24, 2018

NEW ORLEANS--(BUSINESS WIRE)--Nov 23, 2018--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 7, 2019 to file lead plaintiff applications in a securities class action lawsuit against Ribbon Communications, Inc. (NasdaqGS: RBBN) f/k/a Sonus Networks, Inc., if they purchased the Company’s securities between January 8, 2015 through March 24, 2015, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Massachusetts.

What You May Do

If you purchased securities of Ribbon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-rbbn/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 7, 2019.

About the Lawsuit

Ribbon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 24, 2015, Ribbon, formerly Sonus Networks, Inc., disclosed dismal results for the first quarter of 2015, including revenue of only $47-$50 million, approximately $24-$30 million lower than expected, and a $0.29-$0.34 loss in non-GAAP earnings-per-share, lower than the $0.03 gain forecasted.

On this news, the price of Ribbon’s shares plummeted $4.46 per share, from $13.16 to $8.70 per share, a loss of over 33%.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005252/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES LEGAL

SOURCE: Kahn Swick & Foti, LLC

Copyright Business Wire 2018.

PUB: 11/23/2018 10:50 PM/DISC: 11/23/2018 10:50 PM

http://www.businesswire.com/news/home/20181123005252/en

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